MOST NOTABLE STORIES OF THE WEEK

The unwelcome combination of rising oil price and a weakening rupee is giving a tough time to investors, especially when the whole world is looking towards India as a ‘growth engine’. Now the billion dollar question is: will the rally in crude oil prices continue?

Crude oil prices have kept rising since the beginning of the year, even managing to reach record highs that were last seen in November 2014. What is surprising is that the rise continues despite the International Monetary Fund’

French energy giant Total S A has signed an agreement with Goutam Adani-led Adani Group to join hands for investing in downstream sector in India — including foray into fuel retail segment through 1500 outlets and developing various liquefied natural gas (LNG) projects.

Minister of Petroleum & Natural Gas and Skill Development and Entrepreneurship Dharmendra Pradhan will launch the Road Show for Phase II of Indian Strategic Petroleum Reserves on 17th Oct'2018, in New Delhi.

Indian oil companies like IOC have optional volumes built in their annual crude oil purchase contracts with suppliers like Saudi Arabia and Iraq that will be more than enough to make up for any shortfall in supplies from sanctions-hit Iran, senior officials said Monday.